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Search Results 0 to 10 of about 11 (some duplicates have been removed)
're going to have to push the big changes to deal with the deficit and debt, going to have to go down the road a bit and to the long term, maybe more than ten years? >> chris, i don't know about more than ten years, but certainly as you know, simpson boles, senator simpson and former chief of staff irskin boles, in their report they proposed making substantial cuts, raising revenues and across the board with all items of expansion. but they said in the near term, meaning the next year of so, we need to be very careful that we did not have the opposite effect by dampening down the struggling economy, obviously, as we saw today, which will decrease revenues and make the problem worse, not better. so in the short term, i agree with the bowles-simpson suggestion that we be very careful in the short term. there's no doubt, however, in the white house yesterday, or thursday -- yesterday -- there was a clear agreement that this was a serious, serious challenge that confronted us and it demanded at all of us try to come together and reach an agreement whereby we will certainly over the next 1
need to do that. we have come up with a trillion in cuts. we need to ask big oil companies and people making over a million dollars to do their fair share by increasing revenues. >> let's talk about a short term deal. are you willing to vote for something that is iks to eight months, the trillion, trillion and a half cuts that have been agred to among the biden group to raise the debt ceiling temporarily? can you sign on to something like that? >> chuck, i prefer ton. i wasn't elected to kick the can. the matter is, he can don't need to kick the can. everybody knows what needs to be done. tighten belts, those are the elements of a long term deal that will help our economy grow and prosper in the future. we have done it before. we could do it again. it would be nice it if we had republicans to noe republicans to negotiate in, in good faith. >> some cuts in medicare, i know you guys have been making a big deal about the 45th anniversary of medicare just past, are you going it sign on some t.o. something that has trends m n medicare as long as you don't feel it hits beneficiaries directl
. they are convincing one another that it is not that big after deal. so right now the white house's big hope and i don't think it is misplace said that if we go to do doom's days on this, the hope is people that get blamed will be the republicans. >> that's option 2. that's default. i've given you two options. >> it's not default if we don't stop sending out the checks. if we keep sending out the checks, it's not default. we didn't default in '95. we just got near to it. >> does the president then say, okay, i'll agree to the republican plan? what's the third option besides default and defeat? how does he force his point of view, which is a reasonable balance, two or three to one, spending cuts to revenue hikes. >> i have no idea. i should say they're talking four or five to one. >> how do we get to there then? >> he can't. on his own we simply cannot. we live in a country, the constitution, the constitution has ultimate power. a lot of people think he could ignore them by asserting constitutional authority, but that is really dependent on the supreme court. >> am i right that it depends on one man, j
need to do that. we've already come up with a trillion dollars in cuts and we need to ask big oil companies and people making over a million dollars to do their fair share by increasing revenues. >> talk about a short-term deal. are you willing to vote for something that is six to eight months, simply the trillion, trillion and a half in cuts that have been agreed to among, among the biden group to raise the debt ceiling temporarily? can you sign on to something like that? >> chuck, i prefer not to. i wasn't elected to kick the can. the fact of the matter is we don't need to kick the can. everybody know what's needs to be done. tighten our belts, reduce spending, increase revenues, deal with entitlement reform. the elements of a long-term deal that will help our economy grow and pos per in the future. we've done it before. we can do it gren. nice to have republicans to negotiate with in good faith. >> congressman, one of the things that supposedly is getting to have trend's in it, agreed upon according to democrats i've talked to, some cuts in medicare. i know you guys have been m
. >> and this speaks it a big concern in that et fis behind you, that if the aaa bond rating is reduced it'll be on the president's watch. >> right. >> that's been the issue here for this white house bp that's why the number one they want to move this debt ceiling issue away from the next two years. yes did is political issue but also an economic issue. some really bad numbers came out of it. all of this uncertainty, we have all known that businesses right now in the last couple of weeks, they have gotten a little nervous. people have held back because they are not sure what is going on. they are not sure how this will end. i think -- look, i still have a lot of confidence that when all is said and done, they will figure it out. all of the leaders are on the same page. all of the same leaders are on the same page. yes, they have an unpredictable, unpredictable group of lawmakers on their hands. so the one thing that i have as a political person, i thought would find surprising at the end of the day, if they do agree what this field will look like, it is going to be a couple of trillion dol
a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> i'm with your krpt nx market wrap. another batch of updeceit earnings not enough to offset dismal economic numbers and lingering fears about the debt debac debacle. the dow jones industrial tumbling. and absolutely dangerous, how one investor described the atmosphere on wall street today telling cnbc the problem is the market reacts to two thing. greed and fear. right now there's no greed in the air, only fear. a lot of that fear based on the ongoing debate in washington over raising the debt ceiling and cutting the deficit. aps an anemic reading on gdp growth, weaker than expected 1.3% while first quarter numbers were prevised to lower to a paltry 0.4%. over a rough week for the market. all major indices giving up between 3.5 and 4.5%. that's it from cnbc, first in business
Search Results 0 to 10 of about 11 (some duplicates have been removed)